Nov 15, 2012 1:00am PST
constituenconstituency will eled him. the coalition that elected him supports his hard line on taxes as a percentage of the total package, and he has an obligation -- incidentally, i think an ideological belief that he has to go that way, and that's -- i think that raises the odds of a difficult -- a very difficult period here politically. and while he loyc listens to them and went through the theatrics of having met with them, i don't think they have a lot of influence. you're only hope is that deep down underneath people understand we have to do a deal, and the sooner the better. >> susie: just a few seconds left, how do you think that this tug-of-war is going to play out in the markets, and there are 47 days until that deadline. the dow is down 5% since the election. what kind of market performance can we expect over these next couple of weeks? >> i think corporations are in good enough shape and valuations are sensible enough that while the markets might overshoot on the downside, they would make it up reasonably quickly if we got a deal. so the short-term risks are to the downside.